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https://issues.apache.org/jira/browse/FINERACT-2083?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17847249#comment-17847249
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Adam Saghy commented on FINERACT-2083:
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Sorry, but i am not fully getting this story.
In your example you set the balloon payment as 800 but the final payment is
841.18.... Also the attached JIRA story is a one liner which not explaining at
all the functionality, neither the behaviour, neither the requirement why it
should be part of Fineract... Please have a word with [~bgowda] and provide a
better explanation of this functionality and behaviour!
> Balloon repayment amount for Loan account
> -----------------------------------------
>
> Key: FINERACT-2083
> URL: https://issues.apache.org/jira/browse/FINERACT-2083
> Project: Apache Fineract
> Issue Type: New Feature
> Components: Loan
> Reporter: Jose Alberto Hernandez
> Priority: Minor
> Fix For: 1.9.0, 1.10.0
>
>
> Balloon repayment amount for Loan account
> A balloon payment is {*}the final amount due on a loan that is structured as
> a series of small monthly payments followed by a single much larger sum at
> the end of the loan period{*}. The early payments may be all or almost all
> payments of interest owed on the loan, with the balloon payment being the
> principal of the loan.
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